Exchange Income (TSE:EIF) Releases Quarterly Earnings Results

Exchange Income (TSE:EIF) announced its earnings results on Tuesday. The company reported C$1.13 EPS for the quarter, FiscalAI reports. The business had revenue of C$952.16 million for the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%.

Exchange Income Trading Up 2.2%

Shares of EIF traded up C$2.76 during trading hours on Tuesday, hitting C$128.18. 100,797 shares of the stock traded hands, compared to its average volume of 173,590. The company has a current ratio of 1.64, a quick ratio of 1.12 and a debt-to-equity ratio of 141.03. Exchange Income has a 1-year low of C$68.20 and a 1-year high of C$136.48. The firm has a market capitalization of C$7.22 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. The business has a fifty day moving average of C$128.40 and a 200-day moving average of C$112.11.

Insider Buying and Selling

In related news, Director Duncan Draper Jessiman sold 1,000 shares of Exchange Income stock in a transaction dated Monday, June 29th. The stock was sold at an average price of C$130.64, for a total value of C$130,640.00. Following the completion of the sale, the director directly owned 5,080 shares in the company, valued at C$663,651.20. This trade represents a 16.45% decrease in their ownership of the stock. 6.44% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on EIF shares. Scotiabank lifted their price objective on Exchange Income from C$129.00 to C$145.00 in a research report on Thursday, July 16th. BMO Capital Markets upgraded Exchange Income from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$111.00 to C$120.00 in a report on Wednesday, May 13th. ATB Cormark Capital Markets raised their target price on Exchange Income from C$125.00 to C$146.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Paradigm Capital upped their price target on shares of Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Canaccord Genuity Group increased their price objective on shares of Exchange Income from C$116.00 to C$129.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Thirteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Exchange Income has an average rating of “Buy” and a consensus price target of C$136.62.

Exchange Income Company Profile

Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: Aerospace & Aviation and Manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.